Hoyer Statement on President Obama’s All-of-the-Above Approach to American Energy

WASHINGTON, DC - House Democratic Whip Steny H. Hoyer (MD) released the following statement today on President Obama's remarks on his all-of-the-above approach to American energy:

“Over the past three years, the Obama Administration has taken steps to achieve energy security and energy independence, including increased production of oil and natural gas from domestic sources and significant investments in the development of alternative energy technologies – such as those that harness energy from wind, solar, and biofuel sources. Today, the United States once again imports less than half of the oil we consume, and domestic production is at its highest level in eight years. The Administration has opened millions of acres to new natural gas exploration as well.”

“We are also helping American families keep more of their hard-earned money through increased energy savings. Ambitious vehicle fuel economy standards set last year will cut oil consumption by 12 billion barrels and save American families $1.7 trillion over the next ten years. The announcement today by the President of a $30 million investment in advanced energy research is good news for middle class families and American businesses that rely on cars and trucks each day, because it represents another important step forward toward ensuring us access to the affordable energy that will drive our prosperity for generations. Today’s announcement will help us harness the most important resource of all: American ingenuity.”